Property Overview: 152 Hespeler Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in the Glenelm neighbourhood, built in 1907. With 810 square feet of living space, it is notably smaller than most homes on its street, in the area, and across Winnipeg. It sits on a 3,384 sqft lot, which is above average for Hespeler Avenue, offering a relative abundance of outdoor space for the property's scale.
The primary appeal lies in its position as a potential entry point into the Winnipeg market. The assessed value is significantly below area and city averages, suggesting a lower barrier to entry. This is a property for a pragmatic buyer: someone seeking land and location over square footage, who is comfortable with a home that requires personalization or is looking for a manageable, low-maintenance footprint. It would suit a first-time buyer, an investor, or someone looking to downsize into a character home, provided they are prepared for the realities of an older, smaller dwelling. The detached garage adds practical value. A thoughtful perspective is that this home represents a trade-off—you’re acquiring a larger-than-average lot for the immediate area in exchange for a house that may require updates, making it a project-oriented opportunity rather than a move-in-ready solution.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific characteristics, primarily its small living area (810 sqft) and older age (built 1907) compared to the broader Winnipeg housing stock.
2. What does the lot size mean for a potential buyer?
At 3,384 sqft, the lot is larger than many on Hespeler Avenue. This provides valuable outdoor space for gardening, expansion, or adding amenities like a shed or patio, which is a key asset given the home's smaller interior.
3. Is this a "fixer-upper"?
Given its age and below-average metrics for size and assessed value, it is very likely that the home would benefit from modernization and updates. Buyers should budget for potential renovations.
4. Who would this property not be suitable for?
It may not suit buyers who need multiple bedrooms, ample indoor living space, or a modern, turn-key home without renovation work. Families needing more room might find it too compact.
5. How reliable are the sold price ranges shown?
The sold price ranges are based on public data. For the exact historical sold price, you must request it via email from the site, as they manually verify and provide the precise figure.